Consider it tax-free income that you keep before taxes apply ... If you’re not one of them, fill in the sum of your itemized deductions. (Exclude 401(k) and traditional IRA contributions.) ...

Alimony provides financial support in divorce cases, but its tax-related aspects have always been complex. Questions often ...

There are several investment options available in the market that would be great investment options when it comes to saving ...

Conclusion: Assessment and penalty orders issued against assessee was set aside considering pathology reports of assessee as a valid reason for failing to respond to various income tax notices.

The landscape of taxation in India is continuously evolving, with legislative reforms that seek to improve compliance and increase efficiency in the tax administration system. Among these changes, the ...

You become eligible for Section 89 (1) relief when you receive arrears of salary, advance salary, or a lump sum family ...

However, our opinions are our own. See how we rate tax products to write unbiased product reviews. The Earned Income Tax Credit is the largest tax credit available to Americans filing individual ...

It is notable that taxation of alimony is a contentious issue as there are no clear provisions for taxability or ...

Both individuals and businesses must pay income tax in advance in recurring instalments rather than in one lump sum. If taxpayers' income tax liability exceeds ₹10,000, they must pay advance tax ...

Use this trick for figuring out what a year-end charitable contribution or retirement play will do to your 2024 taxes.

ULIPs are popular in India for a reason. They combine life insurance with market-linked investments, offering a blend of ...

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...